On the daily chart, the pair continued to decline. An important change may be that the pair may close on Friday below the "round" level of 0.7400, which is a strong support level. Thus, the decline may continue in the August-September range. Also, based on the movement between the "round" levels, the pair may decline to the "round" level of 0.7300. According to the directional movement indicators, the pair has moved to a decline: DM is now above DM+, the MACD histogram is declining in the negative zone, the MACD line has received a negative slope.
On the four-hour chart, the pair overcame the support level of 0.7400, which now acts as resistance. Since the downward trend persists, the continuation of the decline after overcoming the 0.7400 level is more likely. According to ADX, the downward trend is strong: the excess of DM+ over DM is very large with a high and growing ADX level. The MACD line has a negative slope. The MACD histogram shows a slowdown in the decline: a bullish divergence of the lows of the pair and the MACD histogram has formed.
Resistance levels: 0.7400; 0.7470
Support levels: 0.7350; 0.7300